People in the News

Designer Westwood Carries Mutilated 'Baby' in Anti-fracking Campaign

British fashion designer Vivienne Westwood took to the streets of London on Monday cradling a "fracked baby of the future" in her latest show of opposition to hydraulic fracturing.

AAPA Elects Quinn as Chairman of the Board

The American Association of Port Authorities (AAPA) elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international

EPA Promotes Green Initiatives at Port of Houston

U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy visited the Port of Houston April 24 to highlight grants aimed at improving air quality. The port will receive about $900,

Six Washington Students Earn Maritime Scholarships

The 11th annual Norm Manly Puget Sound Maritime (PSM) / Youth Maritime Training Association (YMTA) Maritime Educational Scholarship competition was held on Saturday,

Truckers to Strike Four SoCal Shippers

Truckers who haul freight from the ports of Los Angeles and Long Beach will go on strike against four ground-shipment companies on Monday, a Teamsters union official said,

Global Investors Move Against Norway on Gasline

A group of international investors is suing Norway in an attempt to overturn its decision to cut gas pipeline tariffs, arguing the fee reduction will cost them 15 billion crowns ($1.

Sinopec, PetroChina Dismiss Merger Rumors

Sinopec Corp and PetroChina on Monday dismissed media reports their parents would merge to create a state giant, saying they have never received any official information about such a restructuring.

Maritime Tension Dominates Southeast Asia Summit

Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines

Deflation? Oil Rebound Could be Next Headache

Markets, policymakers taken by surprise; 2016 inflation could be significantly higher. Whisper it, but the next challenge for financial markets and policymakers may not be deflation,

PetroChina Q1 Profit Dives, Misses Target

PetroChina, China's biggest oil and gas producer, reported a sharper-than-expected 82 percent fall in first-quarter profit, due to lower international crude prices

Saipem Beats Q1 Forecast on Improved Margins

Italian oil services group Saipem confirmed guidance for the year after its first-quarter operating profit beat forecasts on healthier profit margins from new orders.

Sonatrach Demanding Service Discounts

Algeria's state energy company Sonatrach has demanded its service providers cut their prices by up to 15 percent as the OPEC member country tries to ward off the impact of falling oil prices,

Norway: Statoil Must Proceed with Snorre Expansion

Norway's Statoil must move ahead with the delayed upgrade of the Snorre oil and gas field in the North Sea because it is a time-critical investment, energy minister Tord Lien said on Monday.

Oil Glut Strains West Texas Storage Logistics

Four-hundred miles from the near overflowing tanks at the U.S. oil hub in Cushing, Oklahoma, a second glut in the Permian Basin of West Texas is pressuring oil

Sembcorp Marine Q1 Profit Down, Challenges Coming

Brazil's oil and gas industry mired in uncertainty. Singapore-based rig builder Sembcorp Marine posted its lowest quarterly net profit in at least five years and forecast a challenging year ahead,

Precision Drilling Beats Street, Costs Fall

Precision Drilling Corp reported a better-than-expected quarterly profit as job cuts and other cost-cutting measures helped Canada's largest drilling contractor

Lagos Port Drags on Africa's Top Economy

Ruling party reforms improved Apapa port; shippers still face delays and corruption. The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports,

Brent Slips to $65, Dollar Strengthens

Dollar up 0.3 percent against basket of currencies; U.S. rig count drops to lowest since 2010. Brent crude slipped to around $65 on Monday as the dollar strengthened, but a further sign that U.

Iron Ore Miners, OPEC on Same Path

One of the themes from the recent weakness in crude oil and iron ore is that major producers are deliberately oversupplying as they are willing to tolerate falling

USCG Searching for Missing Boaters in Mobile Bay Area

  The Coast Guard continues to search for at least five people in the Mobile Bay area Sunday. Rescuers searched throughout the night for the missing boaters and have covered a total of 1,

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